David Ellison’s Plan Would Combine Skydance With Paramount

Skydance Media’s David Ellison is discussing an all-cash offer for National Amusements, the family-run company that controls Paramount Pictures and the CBS TV network, the Wall Street Journal reported.

As part of the deal being discussed, Skydance would merge with publicly traded Paramount Global, the newspaper reported, citing people familiar with the matter.

Paramount Global is controlled by Shari Redstone and her family’s National Amusements. Ellison is seeking financial help from other investors in Skydance, including his billionaire father, technology mogul Larry Ellison, according to the people. The talks are at an early stage and could fall ...